You're right, it does do that and does it consistently as an entity. I don't think that's configurable. But I do think it's quite appropriate, because that folder is actually called Home. For instance, if you're running commands in your terminal, then you'll refer to it as $HOME or even just ~, which is a shortcut to $HOME.

There is no rule that a users home directory is in /home. For instance, in a shared environment, then users might have their homes in /home/business_a/salesdepartment/username/. If such a user was to refer to his home directory, he'd still use $HOME. Or a more practical example is root. If you press alt+f2 and run nautilus, you'll run Nautilus as root. Home would then refer to /root, just as $HOME would refer to /root in a terminal.

So, when you're referring to your own home directory, its name is Home. However, if in Nautilus you press ctrl+L to see the location, then it's appropriately displayed as /home/username or wherever your home directory is located because then you're talking about the address of your home.